Overview:
A Strategic Analysis for Blockbuster:
Their Strengths:
Able to lead market share of online DVD rentals.
The company’s low fixed costs/prices.
It is one of the nation’s largest choice/selection of DVDs.
They have the fastest on-time delivery of any online DVD rental company with just over 35 CDs.
Exceptional Service: over 90 percent of their DVDs are received by customers inside of a day of ordering.
Strong website/Home page, as far as, shop ability, navigation, and review are concerned.
Their Weaknesses:
They cannot manage the most vital expense/cost: shipping expenses and/or cost.
Earlier or older demographic has a difficult time comprehending their particular concept/idea.
Watch Instantly features only permits a small …show more content…
Financial Analysis of Blockbuster, in 2011:
As of 2010, Blockbuster gross revenues exceeded $5 billion. Blockbuster generated less than $1 billion in revenue from its 1,700 domestic stores. Furthermore, the company’s total assets plunged from $7.7 billion to $1.1 billion in the same period. In 2010, Blockbuster filed for bankruptcy Chapter Eleven on account of being over $1 billion in debt, and won. (Hill and Jones, 2013).
With this all being said, looking at the numbers above, one thing is for certain, their future is bleak, but if they choose, they could invest money to revamp the current retail strategy, which would help greatly.
The company filed for bankruptcy on the 23rd of September in 2010, getting rid of more than $1 billion of debt/liability. Some 54.8% of voter participants in a weekly poll done, said creditors shouldn't lend the company funds any more, while 45.2 % are still hopeful that Blockbuster will be able to make a comeback, and with more funds. Recently, the deadline to file a bankruptcy and restructuring plan was extended until the 21st of March 2011. Blockbuster planned to close 72 stores by the end of 2010 and another 110 stores by the first quarter in
A Strategic Analysis for Blockbuster:
Their Strengths:
Able to lead market share of online DVD rentals.
The company’s low fixed costs/prices.
It is one of the nation’s largest choice/selection of DVDs.
They have the fastest on-time delivery of any online DVD rental company with just over 35 CDs.
Exceptional Service: over 90 percent of their DVDs are received by customers inside of a day of ordering.
Strong website/Home page, as far as, shop ability, navigation, and review are concerned.
Their Weaknesses:
They cannot manage the most vital expense/cost: shipping expenses and/or cost.
Earlier or older demographic has a difficult time comprehending their particular concept/idea.
Watch Instantly features only permits a small …show more content…
Financial Analysis of Blockbuster, in 2011:
As of 2010, Blockbuster gross revenues exceeded $5 billion. Blockbuster generated less than $1 billion in revenue from its 1,700 domestic stores. Furthermore, the company’s total assets plunged from $7.7 billion to $1.1 billion in the same period. In 2010, Blockbuster filed for bankruptcy Chapter Eleven on account of being over $1 billion in debt, and won. (Hill and Jones, 2013).
With this all being said, looking at the numbers above, one thing is for certain, their future is bleak, but if they choose, they could invest money to revamp the current retail strategy, which would help greatly.
The company filed for bankruptcy on the 23rd of September in 2010, getting rid of more than $1 billion of debt/liability. Some 54.8% of voter participants in a weekly poll done, said creditors shouldn't lend the company funds any more, while 45.2 % are still hopeful that Blockbuster will be able to make a comeback, and with more funds. Recently, the deadline to file a bankruptcy and restructuring plan was extended until the 21st of March 2011. Blockbuster planned to close 72 stores by the end of 2010 and another 110 stores by the first quarter in